Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

Tax deduction for professional body membership

Posted 2 July 2015 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Taxing my brain says:
28 June 2015 at 17:49

Good day Tim

I have forgotten to claim membership fees to a professional body as a deduction in the 2013/2014 tax year. Can I claim it in this 2014/2015 tax year?

Also if money is spent on CPD (required to maintain membership to a professional body), is this deductable for tax purposes?

This entry was posted in Tax Questions and tagged , . Bookmark the permalink.

TaxTimTaxTim says:
29 June 2015 at 8:27

Are you a salaried employee or do you work for yourself?


Taxing my brain says:
29 June 2015 at 9:36

Yes, I have been a salaried employee. I have also actively searched for jobs hoping that my designation with the professional body would result in good job prospects.


TaxTimTaxTim says:
29 June 2015 at 11:44

Unfortunately as a salaried employee you will not be able to claim this professional contribution as it is not allowed as per the tax act.


Taxing my brain says:
29 June 2015 at 11:59

Hi Tim

I would like to add that I personally paid my membership fees and not my employer. Does this change the tax position?
Also can you please quote the section of the tax Act which prohibits a salaried employee from obtaining a deduction? That will be much appreciated!


TaxTimTaxTim says:
29 June 2015 at 14:27

Your employer paying for it would actually be better because then you are not taxed on it and they claim a deduction.

However salaried employees are limited to deductions under s23(m) of the tax act which does not include these type of expenditures.


Taxing my brain says:
29 June 2015 at 15:22

Thank you!


TaxTimTaxTim says:
29 June 2015 at 15:53

Glad we could assist!


Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →